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Aug 23, 2011
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he spoke today to french president nicolas sarkozy about the developments in libya. as you know president nicolas sarkozy talking to the president also about foreign aid and plans for a french international partners meeting next week on this very subject. a few moments ago, i also reached u.n. ambassador susan rice and asked her about the next steps for the rebel government. >> as you know it's a fluid situation and there's still pockets of fighting in the capital of tripoli and elsewhere. but what seems clear is that the rebels have made enormous progress and have reached the tipping point where it seems certain the days of the gadhafi regime are coming to a close. that said, what will come next is what we hope and expect will be an inclusive transitional government. of which is tnc will form the core. they have put together a rather detailed road map for how they see the transition unfolding. but this is going to be a challenge for them and for the libyan people because there are no institutions of state. there's no history of accountable or normal governance of an
he spoke today to french president nicolas sarkozy about the developments in libya. as you know president nicolas sarkozy talking to the president also about foreign aid and plans for a french international partners meeting next week on this very subject. a few moments ago, i also reached u.n. ambassador susan rice and asked her about the next steps for the rebel government. >> as you know it's a fluid situation and there's still pockets of fighting in the capital of tripoli and...
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Aug 5, 2011
08/11
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worries about italy and spain interrupted august vacations today for angela merkel and nicolas sarkozy. the contagion from europe infecting what's happened here and then going back across the pond. what do you see happening with this jobs report first? >> well i think you said it yourself. the real issue right now is a crisis of confidence. in the u.s. the facts are changed dramatically in the last few days. i mean the economy's kind of bumping along the bottom and the jobs report this morning really wasn't too bad. it wasn't that great, but it wasn't really that shockly surprising. what is halting the markets right now the fear. fear about the future of the euro zone and whether the euro zone lieders can get a grip on the crisis and the stock is spinning out of control. also fear about the u.s. and as the realization dawns that the economy's bumping along the bottom and going to really be slowing down, there's a realization that the government haven't got many tools left to actually fight any slow down with because monetary policy options are almost exhausted and the fiscal policy opt
worries about italy and spain interrupted august vacations today for angela merkel and nicolas sarkozy. the contagion from europe infecting what's happened here and then going back across the pond. what do you see happening with this jobs report first? >> well i think you said it yourself. the real issue right now is a crisis of confidence. in the u.s. the facts are changed dramatically in the last few days. i mean the economy's kind of bumping along the bottom and the jobs report this...
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Aug 11, 2011
08/11
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french president, nicolas sarkozy, rushed back from his riffia vacation for an emergency meeting. shares in france's biggest bank plunged almost 15%. top banks in england, italy and germany were also hammered. europe matters so much to us because about 29% of foreign sales for s&p 500 companies last year came from there. >>> and no surprise, financial stocks led the markets lower here as well, bank of america, citigroup and goldman sachs each lost 10% of their market value. safe haven gold rose above $1800 an ounce for the first time ever. another safe harbor, the ten-year treasury note rose sharply while its yield tumbled. the dow has lost 2,000 points in less than three weeks. yesterday's volatility was heightened by wild swings of heavy volume set off by computer trading programs. >>> almost double the year's daily average were traded wednesday. >>> walt disney dropped over 9%, a day after posting quarterly results. on the up side after the bell cisco's shares soared after its results edged past street expectations. >>> and finally, apple closed as america's number one company
french president, nicolas sarkozy, rushed back from his riffia vacation for an emergency meeting. shares in france's biggest bank plunged almost 15%. top banks in england, italy and germany were also hammered. europe matters so much to us because about 29% of foreign sales for s&p 500 companies last year came from there. >>> and no surprise, financial stocks led the markets lower here as well, bank of america, citigroup and goldman sachs each lost 10% of their market value. safe...
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Aug 11, 2011
08/11
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we have seen the market move sharply higher here because nicolas sarkozy, the leader of france and angela merkel the leader of germany are going to meet to discuss issues. they have already discussed a supert.a.r.p., but the problem is they need 17 different countries to approve it and that's not going to happen until tend of september, maybe. in the meantime, the financial markets move a lot faster than government. so veronica, you can imagine, what we went through for our debt ceiling debate. 17 countries have to do an approval process as well. so there's going to be a lot of volatility over the next few weeks until we figure out exactly what europe wants to do with their debt problems. >>> michelle caruso-cabrera, thank you. >>> many people are looking to washington for solutions but apparently not many of us have much confidence in what d.c. could actually do. according to a brand-new "washington post" poll, nearly eight in ten of us are dissatisfied with the way the political system in washington is working. who's to blame for all of this, the answer is everyone. wendy schiler is an
we have seen the market move sharply higher here because nicolas sarkozy, the leader of france and angela merkel the leader of germany are going to meet to discuss issues. they have already discussed a supert.a.r.p., but the problem is they need 17 different countries to approve it and that's not going to happen until tend of september, maybe. in the meantime, the financial markets move a lot faster than government. so veronica, you can imagine, what we went through for our debt ceiling debate....
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Aug 15, 2011
08/11
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all eyes are now on europe where tomorrow german chancellor angela merkel and nicolas sarkozy are expected to meet to talk about the european december crisis. that could affect trading here at home. noi back to "hardball." >>> back to "hardball." president obama is on the stump today, of course, maybing the first stops of his bus tour in michele bachmann's backyard of min money and in iowa tonight, on wednesday in his home state of illinois. the president hitses road with his approval rating not in great shape. gat gallup, the one we watch, all-time low of 39%. bounced back sunday night to 41%. have to take over republicans come up with a job struggle of his own. i think. joining me to challenge that, first-ever woman press secretary i think that counts as a hall of famer issue, and political analyst michael steele, the guy voted for a couple of things in the senate. i know i voted for you to senator, for a lot of good reasons. let me go to this whole question of the president and a road trip. i'll be tough. you know i like obama, but it seems like something pawlenty would have done. a bus
all eyes are now on europe where tomorrow german chancellor angela merkel and nicolas sarkozy are expected to meet to talk about the european december crisis. that could affect trading here at home. noi back to "hardball." >>> back to "hardball." president obama is on the stump today, of course, maybing the first stops of his bus tour in michele bachmann's backyard of min money and in iowa tonight, on wednesday in his home state of illinois. the president hitses...
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Aug 23, 2011
08/11
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sarkozy. the two men spoke about the need for an orderly transition in libya which brings me to my question to you. what now, richard? i think a lot of people are wondering there's now a vacuum of power to the extent that gadhafi clearly no longer controls this country. who does? >> reporter: i'm sorry. i couldn't -- i'm on a portable satellite phone. i could not hear a word you said. you dropped out. are you asking whatnot for the people? >> more or less, who does control this country right now? >> reporter: no one controls libya right now. it is being held by their morals, the community leaders, the rengs leaders. the political rebel council is fairly weak. it was already divided in two, anyway with a western command and eastern command. there was no one in this country that anyone could call president or high minister. the only kind of law and order is what people are imposing themselves. but the rebels are greating a great deal of security. there are more check points in the city than almo
sarkozy. the two men spoke about the need for an orderly transition in libya which brings me to my question to you. what now, richard? i think a lot of people are wondering there's now a vacuum of power to the extent that gadhafi clearly no longer controls this country. who does? >> reporter: i'm sorry. i couldn't -- i'm on a portable satellite phone. i could not hear a word you said. you dropped out. are you asking whatnot for the people? >> more or less, who does control this...
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Aug 24, 2011
08/11
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french president nicolas sarkozy pledgi pledging support of the new government that would be formed but this still at a stalemate status with all of the fighting still going on. >> reporter: and that's the problem. the transitional government is located in benghazi and that government has not come here yet. what we're seeing on the streets is a situation where there's increasing chaos. g gunmen are out. rebels are out firing in the air. a lot of the batles that we hear about are actually firing on to each other, firing into buildings, on to cars. there's a lot of confusion all over the city, and there are still gadhafi loyalists, and there have been clear exchanges of fire, but most of the gunfire seems to be from the rebels and on to the other rebels, so they definitely need political leadership, and you begin to wonder why that political leadership is waiting in benghazi when this city has effectively fallen to the rebels, aside from some very minor pockets. >> richard, very quick, can you give us an update on the journalists being meld in that hotel. they have been let go. >> reporte
french president nicolas sarkozy pledgi pledging support of the new government that would be formed but this still at a stalemate status with all of the fighting still going on. >> reporter: and that's the problem. the transitional government is located in benghazi and that government has not come here yet. what we're seeing on the streets is a situation where there's increasing chaos. g gunmen are out. rebels are out firing in the air. a lot of the batles that we hear about are actually...
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Aug 17, 2011
08/11
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global markets after a meeting with nicolas sarkozy did little to soothe investor concerns about the economy. we are live in london with a look at overseas markets. what is the merkle-sarkozy plan? >> what we were looking forward to is maybe, potentially they would drop a line about creating a euro bond. they didn't do that. we were hoping for it. because we didn't get what we were hoping for, it's where the disappointment is. they were talking of broadening out the european aid. they didn't do that. they said it was not in the cards. they said they were proposing slapping a tax on financial transactions. the market is reacting to that. we are lower across the board. we show the main equity. you can see a lot of red there. germany down by almost 1.5%. you can see in the sectors we are seeing a lot of selling especially in the financial services down here by 2.5%. technology, also, we had weaker numbers from dell overnight. banks lower by 1.5%. a lot of it is speeding through the main forces. you'll see deutsche in germany off by 7%. overall, we are in a mess in europe. we need to sor
global markets after a meeting with nicolas sarkozy did little to soothe investor concerns about the economy. we are live in london with a look at overseas markets. what is the merkle-sarkozy plan? >> what we were looking forward to is maybe, potentially they would drop a line about creating a euro bond. they didn't do that. we were hoping for it. because we didn't get what we were hoping for, it's where the disappointment is. they were talking of broadening out the european aid. they...
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Aug 22, 2011
08/11
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our european allies led the way, nicolas sarkozy really pushed for nato to commence the bombing campaign. the united states, as a result didn't recognize it until late in the game. didn't bring in high level representation. the problem moving forward is who holds the key to power in this country? from what i'm hearing in the last few weeks, not so much al qaeda movement but more along the lines of muslim brotherhood. they hold a lot of sway, not only politically but militarily. the military units get weapons from the foreigners, transfer the weapons to islamic units and not only that, a major player who supported the financially military was transferring itself weapons. it's going to be a problem moving forward. >> what is the best guess about where gadhafi is? there's speculation he might have left the country. he might be held up in his compound. what is the latest information about where he might be? >> moammar gadhafi will likely die in this country. he is the son of this land. he loves his country. we have heard rumors he left for algeria. his problem, he always alienated leaders. h
our european allies led the way, nicolas sarkozy really pushed for nato to commence the bombing campaign. the united states, as a result didn't recognize it until late in the game. didn't bring in high level representation. the problem moving forward is who holds the key to power in this country? from what i'm hearing in the last few weeks, not so much al qaeda movement but more along the lines of muslim brotherhood. they hold a lot of sway, not only politically but militarily. the military...